Mon.Sep 16, 2024

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Helping condo boards stay afloat during the storms of September

Housing Wire

In 2024, the United States has already battled a year of extremes from tornadoes, hurricanes and flash flooding. Watery catastrophes have become far more and condo flooding is on the rise. September tends to be the most active month of the hurricane season. Of storms recorded in the Atlantic over time, over one-third have formed during September. The immense flooding that occurs during storm season can lead to evacuations and widespread power outages as we continue to feel the increasing severit

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Attorneys want nearly a quarter billion of NAR, HSoA damages

Real Estate News

Using the “one-third” formula, the plaintiffs’ lawyers are asking for more than $225 million from the two commissions settlements, plus other expenses.

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NextHome joins the list of firms to settle the commission lawsuits

Housing Wire

The James Dwiggins -helmed firm NextHome is the newest real estate brokerage to settle the commission lawsuits. The firm notified the court of its settlement agreement on Tuesday in the consolidated Gibson and Umpa suits suits via a brief filed last week. The filing does not note how much NextHome has agreed to pay or what, if any, business practice changes it will implement.

Brokerage 433
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Fathom settles commissions lawsuit for $2.95 million

Real Estate News

The cloud-based brokerage will pay three installments into the settlement fund over the next two years, pushing the fund total past the $1 billion mark.

Brokerage 216
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Keller Williams settles some of the lawsuits tied to its profit-sharing program

Housing Wire

Keller Williams ‘ legal worries just got a little lighter. On Friday, the real estate franchisee and the plaintiffs’ counsel in the Mcfarlane suit reached a settlement agreement for the lawsuit related to the firm’s recently abandoned changes to its profit-sharing program. In an email, Keller Williams confirmed that this agreement settles all of the breach-of-contract lawsuits filed against it by attorneys at the law firm of Humphrey, Farrington & McClain PC.

Brokerage 443
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The Best Time To Buy a Home This Year

Keeping Current Matters

A shift is underway in the housing market this season.

Marketing 329

More Trending

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The Obamas’ former Hyde Park condo lists for $550K

Inman

The Obamas lived in the apartment from 1993 to 2005. The home is now being sold by Grammy-award-winning jazz singer Kurt Elling and his wife, Jennifer Elling.

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Plaintiffs’ attorneys seek $220M from NAR, HomeServices commission lawsuit settlements

Housing Wire

Like all of the other settlements so far, plaintiffs’ attorneys in the ongoing real estate agent commission lawsuits have asked a court for one-third of the settlement amounts agreed to by the National Association of Realtors (NAR) and HomeServices of America. In a filing in the Sitzer/Burnett suit on Friday, the class counsel notified the court that it wants one-third of the $679.275 million settlement amount from the two parties, which equals roughly $226.425 million.

As-is 428
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10 proven secrets for negotiating face-to-face

Inman

Whether you’re negotiating on behalf of buyers or sellers, face-to-face or on Zoom, these 10 tips will help you be a better negotiator in a time when negotiation has never been more critical, Bernice Ross writes.

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UWM launches BrokerX program to help train new originators

Housing Wire

The country’s largest wholesale lender, United Wholesale Mortgage (UWM), has launched a broker training program that will teach individuals to become licensed mortgage originators. Dubbed “BrokerX,” the five-week program will provide existing brokers with a “streamlined solution” for training and licensing new talent without the use of their own training team.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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A ‘Skinny House’ built out of spite? Maybe not, archives show

Inman

The super-narrow house in Boston's North End has long been associated with lore of two brothers fighting over property rights around the Civil War, but newly scrutinized archival documents shows that the tall tale may be erroneous.

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Survey: HousingWire readers have a pulse on the housing market

Housing Wire

Real estate and mortgage professionals: Your voice matters! Fill out the 5 minute survey today! Each quarter, HousingWire will tally the results and compile a report to gauge the market and provide you with valuable market trends, opportunities, and challenges. There is much to learn about the challenges real estate and mortgage professionals are facing.

Marketing 427
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5 myths about real estate teams debunked

Inman

Real estate teams are here to stay. Follow Up Boss cuts through the confusion and offers clarity through customer-led education.

Agents 195
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Guild’s Jim Cory on company confidence in reverse mortgages

Housing Wire

At the end of August, Guild Mortgage announced a suite of products under the name “ Flex Payment Mortgage ,” which includes Home Equity Conversion Mortgage ( HECM ) reverse mortgage products alongside refinances, proprietary jumbo options and HECM for Purchase (H4P) loans. Jim Cory, managing director of Guild’s reverse division, previously spoke with HousingWire ’s Reverse Mortgage Daily (RMD) about that rebranding initiative and what the division is keeping in mind following Guild’s acquisition

Mortgages 418
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Just letting off steam? Agents lash out at NAR in post-deadline survey

Inman

In the wake of the Aug. 17 deadline, a rising share of agents told the Inman Intel Index that they were frustrated with industry trade groups and have considered leaving the industry. But will this all blow over?

Agents 165
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Banks Face Pressure to Fund Affordable Housing Projects, Opening an Opportunity for Investors

Bigger Pockets

Banks are feeling pressure from the federal government to fund affordable housing projects, and they're pushing back. But in the middle of the fight is a possible profitability route for investors.

Banks 124
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Need a productivity reset? Try these time management tactics

Inman

This September, generate a supernova of change, and prepare to thrive well before 2025 arrives using these time management strategies from trainer Rachael Hite.

Agents 161
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Single-Family Permits Up in July 2024  

Eye on Housing

Over the first seven months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 599,308. On a year-over-year (YoY) basis, this is an increase of 13.7% over the July 2023 level of 527,158. Year-to-date ending in July, single-family permits were up in all four regions. The range of permit increases spanned.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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7 Tips to Help You Find the Right Real Estate Market

Bigger Pockets

Learn how to find the best real estate markets by analyzing local economies, population trends, and infrastructure to make smart, profitable investments.

Marketing 127
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Burnett Attorneys Request $226M From Settlements

RIS Media

With just shy of $1 billion in a still-growing settlement fund, lawyers who worked on the Burnett case are renewing their bid to have a judge approve one-third of the amount paid by HomeServices of America and the National Association of REALTORS® (NAR) as their fee, with an additional $16 million to cover out-of-pocket expenses.… The post Burnett Attorneys Request $226M From Settlements appeared first on RISMedia.

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How Do I Get a Home Equity Loan?

HomeLight

Homeowners across the U.S. have watched their home values soar by nearly 50% in the past four years. As a result, you might be sitting on a significant amount of home equity, and you’re not alone — U.S. homeowners collectively hold around $32 trillion in equity. If you’re planning to make home improvements, consolidate debt, or cover other expenses, you may be wondering, “How do I get a home equity loan?

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From Doldrums to Deals: Keeping Your Prospecting Spirits High

RIS Media

Staying motivated in the real estate business can be a challenge, especially when it comes to prospecting. It’s easy to feel overwhelmed or uninspired, but staying on track is crucial for your success. Whether you’re a seasoned agent or just starting out, there are strategies you can adopt to keep yourself motivated, even when you… The post From Doldrums to Deals: Keeping Your Prospecting Spirits High appeared first on RISMedia.

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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Multiple Offers on a House: 7 Tests to Select the Best

HomeLight

If you’re selling a house, it’s likely you’re juggling some fragile objectives you can’t afford to drop — from timing the sale to having enough money for your new home. Receiving multiple offers on a house can reduce the risk of delays, fallen deals, and the universal fear of lost proceeds. With the help of two top-rated real estate agents, we’ve created a 7-factor test to help you decide between multiple offers on your home.

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Cobble Hill Brownstone With Plasterwork, Marble Mantels, Central Air Asks $11.25 Million

Brownstoner

Opulent plasterwork is on display in this Cobble Hill Italianate, paired with a modern renovation by a noted architect that includes triple-paned windows, central air, and a sauna. In the Cobble Hill Historic District, the brownstone at 321 Clinton Street is also generously sized with four floors of living space… Read More > The post Cobble Hill Brownstone With Plasterwork, Marble Mantels, Central Air Asks $11.25 Million appeared first on Brownstoner.

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What Makes Mortgage Rates Go Down?

HomeLight

In recent years, U.S. consumers watched as mortgage interest spiked until they hit a 23-year high of nearly 8% in October 2023. Now that rates have finally started declining, many would-be homebuyers and sellers are ready to climb off the fence and make a move. But what makes mortgage rates go down? What are the signs to watch for to determine if they’ll keep going down?

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Colorado Housing Market Predictions 2025: Will Prices Fall?

Marco Santarelli

Okay, so you want to know what the Colorado housing market might look like in 2025? Well, it's a bit of a mixed bag right now. Some areas might see prices go down, while others might go up. It's like a seesaw, kind of unpredictable! If you're thinking about buying a house, investing, or you work in real estate, it's super important to keep up with what's happening.

Marketing 105
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

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Coldwell Banker Around the World: September 2024

Coldwell Banker

The Alpine Village Canazei, a Perfect Place for a Cozy Winter Adventure in the Dolomites region of Italy The post Coldwell Banker Around the World: September 2024 appeared first on Coldwell Banker Blue Matter.

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Inventory Watch

BubbleInfo

There is more talk about the Fed cutting a half-point on Wednesday. If they only drop 1/4%, mortgage rates will probably rise because at least that much is already priced in today. It won’t mean much for the long-time active listings unless they lower their price. Of the 465 actives today between La Jolla and […] The post Inventory Watch first appeared on bubbleinfo.com.

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Ruling on Future of Clear Cooperation Punted to October

RIS Media

As the real estate industry works to implement rule changes triggered by the National Association of REALTORS®’ (NAR) Aug. 17 mandate, further disruption potentially lies ahead as the future of the Clear Cooperation Policy (CCP) hangs in the balance. Last week, the MLS Technology and Emerging Issues Advisory Board held its regularly scheduled meeting on… The post Ruling on Future of Clear Cooperation Punted to October appeared first on RISMedia.

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7 Reasons Why the Fall Housing Market in 2024 Could Be Hotter Than Spring

Mandrona Group

The Fall Housing Market in 2024 is heating up with more listings, motivated buyers, lower rates, and great deals. Don’t miss out on this season’s real estate opportunities!

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.